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Nov 1, 2012
11/12
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for the election results next week. so even if we hasn't closed for a couple of days, volumes would be light this week and headed into next wednesday. i don't think the volume is the situation. i think we're just taught by surprise that the u.s. economy continues to improve while the rest of the world seems to be melting away. >> what do you think the intelligence is on tomorrow's jobs numbers. they've changed their models. revised some numbers last night. are you talking to people -- >> this is a tough one to call because adp did change the way they calculate, so it's impossible to know if the correlations are going to be any better. i would say it's anybody's guess. as they head into tomorrow's number, consensus is 125. my guess is around 125,000. as we look at the trend on the jobless claims over the last month, but if they can get their act together, we can use it as a good precursor. this is the first time out with the new calculations, so i wouldn't give it a whole lot of weight. >> traders having to digest a whol
for the election results next week. so even if we hasn't closed for a couple of days, volumes would be light this week and headed into next wednesday. i don't think the volume is the situation. i think we're just taught by surprise that the u.s. economy continues to improve while the rest of the world seems to be melting away. >> what do you think the intelligence is on tomorrow's jobs numbers. they've changed their models. revised some numbers last night. are you talking to people --...
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Dec 7, 2012
12/12
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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Nov 2, 2012
11/12
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>> the report before tuesday's election. nonfarm rose in the month of october above forecast of 125,000. august and september figures were revised higher, 184,000 private sector jobs were added last month. the unemployment rate ticking higher to 7.9%, but this was in line with expectation. it is the private company jobs addition that are the real highlight. government hiring contracted, so with all the private sector that was behind stronger than expected number here. >> that despite the fact it seems businesses have been reluctant to make significant additional investments beyond what's needed to run their businesses, something we talked a lot about. the economy has seen more focus on the consumer rebound than on a business rebound. one wonders when and if business were to get in the game those numbers would even be better. >> that could all change in five days with the election next tuesday. long-term unemployed, 14,600. marginal relief on that front. in terms of the long-term unemployment out of work for a year or more 3.
>> the report before tuesday's election. nonfarm rose in the month of october above forecast of 125,000. august and september figures were revised higher, 184,000 private sector jobs were added last month. the unemployment rate ticking higher to 7.9%, but this was in line with expectation. it is the private company jobs addition that are the real highlight. government hiring contracted, so with all the private sector that was behind stronger than expected number here. >> that...
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Nov 29, 2012
11/12
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it's very hard to quantify sandy and the elections overall. macys said we had a record black friday, but it wasn't enough to overcome the effects of sandy. no longer will nordstrom do monthly sales. less than 20% of retailers now report monthly sales. it's really hard to gauge anything based on these retail sales number. you know the whole world was up? europe was up to a new high. boy were the bulls wrong on this. i was part of it unfortunately. in september and october, we were all bullish on china. a big restructuring, nothing's happened. that's why the market is drifting lower, concerns about bank capitalization rates, this calls for big buy backs on the main land. the grandfathers in shanghai who trade in that market are not trading as much, they're not as interested. every list i have seen is cash a percentage of market cap. usually it's about 7% and above. i see ray theon has a really good one. o'reilly automotive was another good one. >> thank you, bob. >> shadow inventory, that's down, copper developing, you can't get the copper. a lo
it's very hard to quantify sandy and the elections overall. macys said we had a record black friday, but it wasn't enough to overcome the effects of sandy. no longer will nordstrom do monthly sales. less than 20% of retailers now report monthly sales. it's really hard to gauge anything based on these retail sales number. you know the whole world was up? europe was up to a new high. boy were the bulls wrong on this. i was part of it unfortunately. in september and october, we were all bullish on...
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Nov 8, 2012
11/12
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and in addition to that, the election they were worried about in 2011 was the presidential election and how to best position to recapture that office. now all they worry about is 2014. if they drive us over the fiscal cliff, they will be blamed for the subsequent recession. they know it and can't afford to take the punishment for that in the 2014 midterms. >> michael, i'm somebody sitting at home and after the 300-point decline, is the risk at this point to the upside or downside on the markets from now to year end? to the downside, we have the selling you mentioned. people looking in gains, concerns about the fiscal cliff, the laundry list we have talked about. to the upside, though, we have two olive branches. harry reid and john boen we are the olive branches to each other and maybe seemingly willing to talk and maybe risk to the upside in terms of a bargain being struck. when's the risk? >> i think that's the big uncertainty. the optimist in me love they come together and have a good deal for everybody concerned and we move forward. the pessimist says i heard nothing different yeste
and in addition to that, the election they were worried about in 2011 was the presidential election and how to best position to recapture that office. now all they worry about is 2014. if they drive us over the fiscal cliff, they will be blamed for the subsequent recession. they know it and can't afford to take the punishment for that in the 2014 midterms. >> michael, i'm somebody sitting at home and after the 300-point decline, is the risk at this point to the upside or downside on the...
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Nov 5, 2012
11/12
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election. >> by the way, i know it was through options but he was a little over nine. >> i will have to check my trusty notebook. >> the poison pill hits at 10%. >> 9.98%. >> carl can't buy more stock. you would expect it would do that. it gives them a weapon at least to potentially thwart him or not even thwart him but gives ability to continue to negotiate and things of that nature. they had to do that. who knows what his real plan is there. you never know with carl. >> he has said in other interviews that selling it has crossed his mind. getting management to sell the company crossed his mind. the question is if there are other major shareholders with whom icahn can kind of tag along with and perhaps combine the change. that's unclear at this point. right now it looks like at least from a purely icahn driven management change, that is more unlikely to happen with this poison pill which is why the stock is lower and the hurdle is much higher now. >> how much of this -- you have -- >> it's not
election. >> by the way, i know it was through options but he was a little over nine. >> i will have to check my trusty notebook. >> the poison pill hits at 10%. >> 9.98%. >> carl can't buy more stock. you would expect it would do that. it gives them a weapon at least to potentially thwart him or not even thwart him but gives ability to continue to negotiate and things of that nature. they had to do that. who knows what his real plan is there. you never know with...
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Jul 25, 2012
07/12
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the closer the election gets, the more they're going to work on it. you think that's a disingenerous offer? >> i believe in merit. i believe america was built on the principles of working for what you get. we work for our family. i'm going to work myself through college. take minimal loans and make sure i graduate debt-free. >> let's say that you don't choose wisely, you choose a cruddy college, a cruddy curriculum and it's really expensive. when you get done, you have $200,000 worth of debt and you have no job. are you going to say, i want my money back? is that something you could live with? whose fault is it. >> we can't really ask for our money back. government forgiveness is the biggest sham i've ever heard. we are still going to have to pay this debt back. >> your thoughts? >> you have to be responsible for your own debts because somebody's going to have to pay it back in the long run. nothing is free. >> yeah, you can give me a piece of paper that says my gej is paid for, but you can't just erase money. money has to come from somewhere. it does
the closer the election gets, the more they're going to work on it. you think that's a disingenerous offer? >> i believe in merit. i believe america was built on the principles of working for what you get. we work for our family. i'm going to work myself through college. take minimal loans and make sure i graduate debt-free. >> let's say that you don't choose wisely, you choose a cruddy college, a cruddy curriculum and it's really expensive. when you get done, you have $200,000...
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Dec 21, 2012
12/12
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they're elected. they don't think they're elected because of president obama. they have safe seats. they're not going to do it. let's stop talking about it. >> maybe they can vote for a tax cut. >> they can't do that either, they hate each other too much. super bowl. >> do you think president obama will go into his inauguration with no deal at all? >> is he in charge? we've kept the charade up for too long. >> what charade is that? >> the charade that there is a government. that they agree to things. they react to a stock market plunge and react to furious citizens. but, what, do they react to the goodness of the republic? how long are we going to keep this up, goodness of the republic? is the last time we had this partisanship. how did that work out? >> in your view, cramer, are things that much worse today? even if plan b was taken up in the house, that it wouldn't pass the senate, that president obama would shoot it down anyhow, so plan b was largely inconsequential, are we actually worse off? does it show the deeper ridge in the republican party than anybody expected and we're m
they're elected. they don't think they're elected because of president obama. they have safe seats. they're not going to do it. let's stop talking about it. >> maybe they can vote for a tax cut. >> they can't do that either, they hate each other too much. super bowl. >> do you think president obama will go into his inauguration with no deal at all? >> is he in charge? we've kept the charade up for too long. >> what charade is that? >> the charade that there...
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Nov 6, 2012
11/12
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that you will see the election not end the election. that it will continue for years after. the polarization in the country is somewhat frightening. i hope whoever wins, it's not close. >> it's stuck in my craw that major rich people like warren buffett are paying a lower rate than me and romney. i don't blame him for taking advantage of the tax code but it's fundamentally unfair. >> good tuesday morning. happy election day. we are live here at post 9 of the new york stock exchange with a check on the markets we were told this morning that the markets tend to be kind ahead of an election, even on election day. we are seeing a rally up 83 points on the dow. almost six points on the s&p. 5 points on the nasdaq. 79 cents for caremark raising guidance for the year citing an uptick in drugstore chain sales and next reporting better than expected earnings for the third quarter. revenues short. world's largest stock exchange operator citing weaker trading in the u.s. and europe. let's get to the road map for the next hour. on this election day
that you will see the election not end the election. that it will continue for years after. the polarization in the country is somewhat frightening. i hope whoever wins, it's not close. >> it's stuck in my craw that major rich people like warren buffett are paying a lower rate than me and romney. i don't blame him for taking advantage of the tax code but it's fundamentally unfair. >> good tuesday morning. happy election day. we are live here at post 9 of the new york stock exchange...
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Dec 27, 2012
12/12
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if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter storm slamming the east coast and impacting the northeast, after the break. >>> the latest place banks are turning to in the hunt for yield. am [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more
if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't have a debt crisis, the rest of europe. she may survive compared to every other government. >> it will be fascinating to see if she wins how her policy changes with less political risk. >> once you don't have to battle the god of re-election, everything changes. >> as we have seen in this country. >>> a winter...
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Oct 31, 2012
10/12
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we'll get the last jobs number before the election no matter when the election is will come on friday. we'll see how it comes in. >> in terms of stocks we're watching, apple down by 1.9%. first opportunity for the stock to trade since the massive management shake-up. biggest one since tim cook took over. some say that he's really making his mark as ceo in terms of replacing head of retail and also kicking out scott who was seen as successor to tim cook. stock is down largest since november 2008. it was the leader in terms of downside on the nasdaq which is down 4% month to date. >> we'll give you an update on action on wall street including comments from ceo. that's coming up next. dow up 39. s&p up 2.5. back in a minute. >>> welcome back. earlier we spoke with duncan niederauer. >> they're happy. a nice, quiet boring open. that's what they had. a lot of people running around at the open. it was quiet ultimately. volume, very interesting a bit on the light side. a lot of reasons for that. i have been calling around to talk to people. people are just not in. either the phones are not o
we'll get the last jobs number before the election no matter when the election is will come on friday. we'll see how it comes in. >> in terms of stocks we're watching, apple down by 1.9%. first opportunity for the stock to trade since the massive management shake-up. biggest one since tim cook took over. some say that he's really making his mark as ceo in terms of replacing head of retail and also kicking out scott who was seen as successor to tim cook. stock is down largest since...
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Dec 5, 2012
12/12
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i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because of sandy or something else, we come back. this economy is super resilient and i think we'll be able to go over the cliff or go through the cliff without having a recession. >> i hope you're right. my concern is that you are absolutely wrong. actually the economy is slowing to stall speed and markets could correct badly on the news moving forward. we learned this week that manufacturing contracted in november for the first time in three months. we had analysts on the program talking about the channel checks indicating softness for a second month and today goldman has downgraded growth in the f
i think businesses are holding back partly because of the election, which is now passed obviously. and the fiscal cliff. i still believe that we're going to end up kicking the can down the road. i think there's lots of pent-up demand in the economy so we're not going to go into a recession. in fact, i think next year we could see some acceleration. one of the key ways to see this is just to look at auto sales for november. they surged to 15.5 million. every time we have a dip in demand because...
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Dec 26, 2012
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and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going to break down specifically whether it's the sandy effect or luxury goods effect. one you might want to sell on. the other thing we talk about is house prices. clearly this morning up over 4% year over year, in the top 20 cities. when will the jobs come back in construction. will that be the major theme for 2013. back to you. >> simon, see you in a couple. the dating scene is hitting a fiscal cliff of its own. an article in the noew york tims may not matter if your credit score is less than attractive. the "times" interviewed more than 50 daters around the u.s. all under 40 years old. what is t
and since election day, the markets have been fighting worries over the fiscal cliff. in the meantime, we'll take a short break. back in a minute. >>> we are glad to welcome back simon hobbs to the program. he's going to tell us what's coming up at 10:00. >> always good to be back, carl. welcome, everybody. we're going to talk particularly about retail. do we have a problem in retail, and what exactly is it. the ceo of the national retail federation will join us live. we're going...
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Oct 30, 2012
10/12
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and that's going to be an important thing with days to come until the election. people are talking about how sandy will affect the election, and that is one of the major things people are talking about this morning, guys. back to you. >> kayla tausche, thanks so much. talk about moving all these various calendar dates. there's also, i mean, as kayla mention, some talk whether or not the elections could possibly be moved. constitutionally it can be moved but whether or not that is going to happen is a whole other story. >> all i heard was executive order to move -- >> halloween. >> words i never thought i would hear. >> think of all the children across the country rejoicing, and adults for that matter. and adults. >> we had a lot of businesses report a good quarter. european business news rather extraordinary. >> deutsche bank. >> when was the last time europe helped us? here we go. >> except we're not open. >> i know that our futures or whatever they were trading off of, looking at some of the data points, bp gave you a boost from dividends. that was terrific. 40
and that's going to be an important thing with days to come until the election. people are talking about how sandy will affect the election, and that is one of the major things people are talking about this morning, guys. back to you. >> kayla tausche, thanks so much. talk about moving all these various calendar dates. there's also, i mean, as kayla mention, some talk whether or not the elections could possibly be moved. constitutionally it can be moved but whether or not that is going to...
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Dec 24, 2012
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no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy, there's a lot of wild things going on over there. >> you know what we saw last night or over the weekend. when the prime minister this week, well, he basically put the gun to the head of the boj and said i want a 2% inflation target. right now they have a 1% inflation target. he wants to double it and basically create as much money as they need to get to that level. just like the fed. is it 2? is it 2 1/2? 3? the bank of england has a 2% target, too. but they've been over that for years and there's always an excuse. but as we know, and as merv
no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching gears to another country that has had a boatload of governments in the last six years let's look at japan, boy,...
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Nov 15, 2012
11/12
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since the election we were over 1400. there's the election. 1428. we're way below 1400 right now. that's the key option level. a lot of people, big money was buying puts here at 1400 to protect themselves. we're way below that. these puts that they have are in the money. what do you do when something is valuable? you sell it. that's balancing off. that's why the vix isn't going up. i want to point out what's going on with the dividend payers. look at this. if you want to go and try to play with the markets, short the market directly. don't go long volatility. the scs, this is twice the inverse. it's up 10% since the election. that moves inversely with the markets here. those are very short term ways to play the market. volume has been titanic. got to go quickly and show you the dividend players. they continue to get hit. here's the telecom index. lowest level since going back to june. another 1%. that's the down side leader. if you take a look at the utility index, this has been cratering partly on the concerns about hurricane sandy because some of the northeast utilities have bee
since the election we were over 1400. there's the election. 1428. we're way below 1400 right now. that's the key option level. a lot of people, big money was buying puts here at 1400 to protect themselves. we're way below that. these puts that they have are in the money. what do you do when something is valuable? you sell it. that's balancing off. that's why the vix isn't going up. i want to point out what's going on with the dividend payers. look at this. if you want to go and try to play with...
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Dec 17, 2012
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rising market lead low since 2008, when obama was elected. in fact, background checks by the fbi set a monthly record of over 1.5 million last month and marked the 30th straight check in gun applications. largest single day, black friday. checks don't always translate into sales, but certainly reflect interesting guns. the guns at smith & wesson. the stocks like gun sales showing upward trend over the past few years. a trend smith & wesson seeing continuing. 35% to 38% increase in sales over last year. >> thank you very much, mary thompson. a mover in the software solutions space. let's get over to kayla for that. >> the company's ticker is ctwr. two activists in it as of last month, one of them elliott associates just making an offer to buy the company at $11 a share. a big spike in the stock. it was previously halted. we'll wait for the company's response at this point. >> he was the lone dissenter at last week's fed meeting. in an exclusive, steve liesman will ask jeffrey lacquer about the new economic thresholds. look, if you have copd li
rising market lead low since 2008, when obama was elected. in fact, background checks by the fbi set a monthly record of over 1.5 million last month and marked the 30th straight check in gun applications. largest single day, black friday. checks don't always translate into sales, but certainly reflect interesting guns. the guns at smith & wesson. the stocks like gun sales showing upward trend over the past few years. a trend smith & wesson seeing continuing. 35% to 38% increase in sales...
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Nov 7, 2012
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we'll start with the elections. our chief washington correspondent john harwood at headquarters has gotten very little sleep. has a look nonetheless at president obama's path to victory and how it all went down. good morning, john. >> good morning. i want to talk about the result of the election at all three levels of government. start with the race for the white house. president obama who went into election day leading narrowly in most of the battleground states and leading narrowly in the popular vote got exactly that result. it looks like he's going to get about 50% of the popular vote. 2% ahead of mitt romney and so far with florida still outstanding, the president has won every single swing state except for north carolina. he lost indiana, which had been in his coalition in 2008. he lost north carolina. he's won all of the others which is a very, very substantial victory for him. now let's look at the congress because that's the other half of the equation for the fiscal cliff. democrats were strengthened in bot
we'll start with the elections. our chief washington correspondent john harwood at headquarters has gotten very little sleep. has a look nonetheless at president obama's path to victory and how it all went down. good morning, john. >> good morning. i want to talk about the result of the election at all three levels of government. start with the race for the white house. president obama who went into election day leading narrowly in most of the battleground states and leading narrowly in...
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Nov 16, 2012
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down 6% since the election. the association met this week in san diego. had an annual meeting and my understanding is fairly downbeat. a little bit of concern. even though the fundamentals of real estate doing well. supply is muted. capital is cheap. in theory, not a bad time to be in the real estate business. utilities down more than 6%. they were hurt by sandy a little bit. the northeast ones. there's a one-month chart. finally today, a positive print on the overall utilities but a rocky road for them and same situation with telecom. they're the most affected by the fiscal cliff issues. telecom down about 5.5% since the election began and down another 1% today. carl, back to you. >> all right. bob, thanks so much for that. at least one consumer still has some money. video gamers. get to brian shactman at headquarters with that story. >> unbelievable numbers here. take a look at how it's trading. strongly to the upside on huge volume. "call of duty" $500 million sell through in the first 24 hours. microsoft released "halo 4" a week ago with $220 million
down 6% since the election. the association met this week in san diego. had an annual meeting and my understanding is fairly downbeat. a little bit of concern. even though the fundamentals of real estate doing well. supply is muted. capital is cheap. in theory, not a bad time to be in the real estate business. utilities down more than 6%. they were hurt by sandy a little bit. the northeast ones. there's a one-month chart. finally today, a positive print on the overall utilities but a rocky road...
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Dec 4, 2012
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i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath you, 27 days and 12 hours. gentlemen, appreciate your time. thanks so much. >> thank you. governors gilmore and davis. >>> let's get to brian sullivan with the market flash. brian? >>> perhaps not happy here, carl, pby is falling today. they swupg to a third quarter loss. you can see the stock is down 13%, $6.8 million loss, basically 13 cents per adjusted share of a loss. wall street was expecting a prof profit. sales fell 2.4% quarter over quarter. of course the whole autoparts phase with a lot of action around this name, pby has been stuck in an $8 to $12 range for the better par
i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath...
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Nov 14, 2012
11/12
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before the election, into the election, post election. i'll explain what's happening with the stock market because i think there's a very strong pattern here. why we're probably seeing the action we are today. >> yeah, as we said at the top, another mid-morning fade. that thesis you've been hitting on regarding closet indexing is just incredible, gary. has not led us astray yet. >> no, it has not. >> thank you. >>> biggest drag on market is from materials. brian shactman. >> taking a look at mosaic late yesterday they gave guidance and it was weak saying the international market and demand is soft. this morning they got a downgrade at canaccord, negative on the whole sector. down 3.5% and now negative for the year. one thing i'll point out, another downgrade in the group but canaccord still lee gate on that name. >>> let's get to the cme with rick santelli as things continue to heat up in washington. good morning. >> good morning, carl. and they do. let's try to be objective. we're all wearing our pins. here it is. i keep losing them, but
before the election, into the election, post election. i'll explain what's happening with the stock market because i think there's a very strong pattern here. why we're probably seeing the action we are today. >> yeah, as we said at the top, another mid-morning fade. that thesis you've been hitting on regarding closet indexing is just incredible, gary. has not led us astray yet. >> no, it has not. >> thank you. >>> biggest drag on market is from materials. brian...
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Nov 9, 2012
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if you take the election as a proxy, what we learn from the election is that the status quo is here. so, that probably is the same strategy from an investment portfolio standpoint, right? status quo. we're still very much in fixed income, financial repression and in em equities for better risk reward. >> i think it's interesting how a lot of analysts pinned earlier forecast on performance chase dynamics, going into the second half and the final quarter. is that dead? it feels dead. >> it feels dead to me, too. which is a positive and good sign. i think i was on the show not so long ago talking about the fourth quarter seems so out of bounds. didn't feel right given corporate concern over the fiscal cliff. that's been taken out. now we're looking past. i think once you look past, have you positive dynamics into the first quarter that could push markets higher than we expect. >> i've heard the glass half full guys but this takes the cake. >> i'm bearish to the bone so this is kind of unique for me. i'm going the other way as the markets are trading very heavy. but just something to loo
if you take the election as a proxy, what we learn from the election is that the status quo is here. so, that probably is the same strategy from an investment portfolio standpoint, right? status quo. we're still very much in fixed income, financial repression and in em equities for better risk reward. >> i think it's interesting how a lot of analysts pinned earlier forecast on performance chase dynamics, going into the second half and the final quarter. is that dead? it feels dead....
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Dec 12, 2012
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we just had an election. your side lost that election. whatever the message to america was, didn't work. how are you going -- how is the political system going to grapple with the huge things that you're talking about if nobody is prepared in a majority to vote for it? >> it's a great question. of course, you can have whatever political view you want. you can even have opinions about economics. you cannot have opinions about math. so if we want a very large entitlement state, every american will have to pay much larger taxes. where i think there's the seed of a political compromise is say, let's actually strengthen social security and strengthen medicare, but for people who really need those programs. and then slow down the rate of growth for everybody else. we ought to be able to agree on that right and left. >> glenn, great to see you. or apologies for the set snafu there. >> don't worry. good to be with you. >> glenn hubbard. >> good to be with you. >> lloyd blankfein will speak live here from new york. we'll bring it to you as it happ
we just had an election. your side lost that election. whatever the message to america was, didn't work. how are you going -- how is the political system going to grapple with the huge things that you're talking about if nobody is prepared in a majority to vote for it? >> it's a great question. of course, you can have whatever political view you want. you can even have opinions about economics. you cannot have opinions about math. so if we want a very large entitlement state, every...
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Dec 19, 2012
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>> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement. he won this election very conclusively. demographics not only in his favor, but he successfully exploited them. he got people to vote who usually do not vote, and he's now down it two elections in a row. >> it gets so much attention, even in the face of what we know magazines have been through. and of course, a lot of criticism. the main thing we're hearing back today, especially in social media, is that it's too obvious. how do you get away from that? in any year where the president is obviously a looming figure? >> the president of the united states is a candidate really in any year. and actually, the president is not a shoo-in in any year. in fact, obama is only the second president to be person of the year for both his election and his reelection. we evaluated obama and we think he stands on the merits because we think he rep
>> well, we elected the president because we thought ultimately this election was even more consequential than 2008. the 2008 election was really about hope and change and the historical place of barack obama. this is actually a verification, and an ensconcement. he won this election very conclusively. demographics not only in his favor, but he successfully exploited them. he got people to vote who usually do not vote, and he's now down it two elections in a row. >> it gets so much...
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Nov 13, 2012
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how relieved are you that the president was re-elected? >> i'm just relieved the election's over. oh, my god! i was tired of getting pummelled. but, and, you know, actually, politically, i'm somewhat of an independent. i've supported both republicans and democrats. i'm not a hard-core one way or the other, and i mean, i think i'm moderate. frankly, i think i'm probably right where most americans are, actually. >> but you would agree that maybe the policies from the democrats are more favorable to a company like yours? >> i do. the nature of the two-party system is that any given issue is going to fall into either the republican or the democratic camp. and that doesn't mean that one agrees with all the things in one camp or the other. i think most americans wouldn't say that they agree with everything, you know, in one camp or another. but that's just the way it goes. and i do think that in this case, that the democratic side is right about environmental issues. that's not to say that the most extreme elements are right about, but it's substantially right, i think, about the enviro
how relieved are you that the president was re-elected? >> i'm just relieved the election's over. oh, my god! i was tired of getting pummelled. but, and, you know, actually, politically, i'm somewhat of an independent. i've supported both republicans and democrats. i'm not a hard-core one way or the other, and i mean, i think i'm moderate. frankly, i think i'm probably right where most americans are, actually. >> but you would agree that maybe the policies from the democrats are...
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Nov 23, 2012
11/12
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obviously you weren't a big fan of the way the election turned out. i like being a strict constitutionalist, and i like article i, section 8. are we ever going to get back to those types of disciplines, or as in your article stated, you think we crossed over and there's no turning back? >> no, we passed the tipping point. i don't think there's any doubt we reached the tipping point. we've reached that era where our foundest most feared where a majority of people could voice themselves a living at the spend of the minority. i don't think there's any coming back. i think we are on the same trajectory as europe, and europe is on the same trajectory as greece, so it's time to look for yourself and families to take care of your personal prone. we cannot solve the country's problems. >> i hope you are not kreb8g9, but we'll have you back to talk about the journey. sully, it's all yours. >> thank you. >>> rick and bill, thank you. i like bill. he's a smart guy. >> good conversation. >>> coming up next, protesters at walmart. we have live at the scene. 6 try
obviously you weren't a big fan of the way the election turned out. i like being a strict constitutionalist, and i like article i, section 8. are we ever going to get back to those types of disciplines, or as in your article stated, you think we crossed over and there's no turning back? >> no, we passed the tipping point. i don't think there's any doubt we reached the tipping point. we've reached that era where our foundest most feared where a majority of people could voice themselves a...
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Nov 21, 2012
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she faces re-election later on next year. big news that we haven't covered much here in the ice, but it's a huge deal. "wall street journal" reporting looks like blancor and estrada going to get approved. rising into this news. this is going to be a huge mining natural resources company worth about 70 billion euros and while we are on vacation tomorrow, u.k. prime minister is going to face off against the other european ministers and leaders because they're fighting over the e.u. budget. the budget for the european government. it's only a trillion dollars over seven years, but there's still a lot of arguments about it. at least that's how the rest of europe would see it. >> anyone who reads into the greece meeting is going to ask whether this is a technical disagreement or a broad disagreement that may not be resolved on monday. >> narrative is greece is going to get the money. the imf says we can't lend to a country unless we know that by 2020, it's going to be about 20%. there's about a 25 billion euro gap. you can change y
she faces re-election later on next year. big news that we haven't covered much here in the ice, but it's a huge deal. "wall street journal" reporting looks like blancor and estrada going to get approved. rising into this news. this is going to be a huge mining natural resources company worth about 70 billion euros and while we are on vacation tomorrow, u.k. prime minister is going to face off against the other european ministers and leaders because they're fighting over the e.u....
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Nov 30, 2012
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i got elected, not you. i'm the guy in charge. i think that republicans are taken aback by how hard a line the president is taking. this is one of those where let's not lose sight of the fact the market has had a good run. it won't be good if they don't reach an agreement. >> if the idea is that it will take a lower stock market to get politicians to get serious, right, why would you buy anything here? >> remember in t.a.r.p. the market dropped 9% between the first vote that was no because t.a.r.p. was hated as the budget agreement and then it rallied. here's what i think. this time the economies around the world are getting better. the stock market, china getting better. europe does seem to be getting more -- the things that worried us for a long time are less worrisome. because of the debt ceiling you don't know when you will get a bottom. october 1 to october 5, you had to be in. it happened so fast. when they make a deal it happens so fast. it's a blink of an eye 10% in a week. you have to be careful. you may not be able to ge
i got elected, not you. i'm the guy in charge. i think that republicans are taken aback by how hard a line the president is taking. this is one of those where let's not lose sight of the fact the market has had a good run. it won't be good if they don't reach an agreement. >> if the idea is that it will take a lower stock market to get politicians to get serious, right, why would you buy anything here? >> remember in t.a.r.p. the market dropped 9% between the first vote that was no...
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May 21, 2012
05/12
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we have presidential election and then with jpmorgan fitting in making the volcker rule implementation far worse than we expected. >> a lot of this call is based on expectation that greece does leave the euro and that at least some problems ensue as a result of that, correct? >> yeah. you know, we had previously viewed a greek deficit as plausible and not probable and we have now looked at the scenario and looked at the consensus view of people that are closer to that than us. greek exit now is alarmingly high probability and when we look at the withdrawal data from the greek banks it's worrisome because it has potential to spread to italy and to portugal and it's a very heightened risk period right now and the group has fallen about one quarter from the peak. as we have seen in recent years, we could fall further and that's unfortunately going to happen over the course of the summer. >> could you spell out what the transmission mechanisms would be from greece and big american names because we've been told by many people they may not be that badly impacted. >> well, you know, our bigge
we have presidential election and then with jpmorgan fitting in making the volcker rule implementation far worse than we expected. >> a lot of this call is based on expectation that greece does leave the euro and that at least some problems ensue as a result of that, correct? >> yeah. you know, we had previously viewed a greek deficit as plausible and not probable and we have now looked at the scenario and looked at the consensus view of people that are closer to that than us. greek...
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Oct 26, 2012
10/12
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the election obviously has a lot of uncertainty. there's still a lot of uncertainty coming out from europe. will they keep the eurozone together and reform economies. the next few months i would expect to see increasing volatility toward the end of the year and not big catalyst for upside in equities. there is downside potential and that's what keeps us very cautious right now. >> there's a consensus view that i hear more often these days. you may have heard it. i think i know your answer. basically it goes along this line. we can take the fiscal cliff. if you're worried about the deficit, we have 5 trillion reductions over the next few years that will take care of that. do you think that's an argument that's got anything? >> not a rationale argument. if the full fiscal cliff hit us, we would be back in a recession. it's very hard to tackle these major structural reforms when you are on your back, when you are fighting from a position of recession. it's much better to tackle these even if you are growing moderately you're in a much
the election obviously has a lot of uncertainty. there's still a lot of uncertainty coming out from europe. will they keep the eurozone together and reform economies. the next few months i would expect to see increasing volatility toward the end of the year and not big catalyst for upside in equities. there is downside potential and that's what keeps us very cautious right now. >> there's a consensus view that i hear more often these days. you may have heard it. i think i know your...
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Dec 10, 2012
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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Nov 20, 2012
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longer term cycle suggests that as you approach the election year cycle and had a good years already, it would be more difficult. if you look back as markets tend to peak out and/or bottoms in months like april happening over the last dozen years. my thinking is that rallies into through the end of the year and potentially next march or april will be a good time to lighten up ahead of ongoing real issues. >> it doesn't always work as this year proved. fascinating stuff. we'll see what happens as we get close to the end of the year. thanks a lot. >> thank you. >> let's get to brian shactman with a quick market flash. >> research in motion trading about 13 million shares. jeffreys upgrading it from under perform to a hold raising price target from $5 to $10 saying blackberry 10 feedback is better than expected. i love this line. we believe blackberry has a 10% chance of success. the stock is up 2.75%. back to you. >> all right. thank you, brian shactman. >> moodies issuing a downgrade of france's credit rating yesterday and eu machine ministers meeting in greece. >> the write-down makes
longer term cycle suggests that as you approach the election year cycle and had a good years already, it would be more difficult. if you look back as markets tend to peak out and/or bottoms in months like april happening over the last dozen years. my thinking is that rallies into through the end of the year and potentially next march or april will be a good time to lighten up ahead of ongoing real issues. >> it doesn't always work as this year proved. fascinating stuff. we'll see what...
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Oct 29, 2012
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that, again, could affect the election. meantime, ceos are delaying the release of their quarterly results. that's a major factor at the moment. you'll be aware we've had forced evacuations and financial markets that have closed as a result of sandy barreling across the east coast. senior economics reporter steve liesman joins us with that part of the story. steve? >> simon, every disaster is unique. the real cost can't be known until after it's clear. how this storm's fury unfurls in the nation's densest population center. there's a pattern for how to think of the possible economic cost. before we get a small surge in activity in preparation. the activity then remains depressed. then you have a bounce back as part of the cleanup that is dependent upon the amount of damage that's out there. this case what's unique is the widespread impact area, the heavily populated impact area, and what looks to be a relatively long lasting storm. i was interested in what governor cuomo said about the inability to get crews that could brin
that, again, could affect the election. meantime, ceos are delaying the release of their quarterly results. that's a major factor at the moment. you'll be aware we've had forced evacuations and financial markets that have closed as a result of sandy barreling across the east coast. senior economics reporter steve liesman joins us with that part of the story. steve? >> simon, every disaster is unique. the real cost can't be known until after it's clear. how this storm's fury unfurls in the...
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Nov 26, 2012
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now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be robust. so far, it hasn't been impacted at all. we're actually looking forward to a pretty good 2013. >> are your clients saying, hey, mark, i want to give you more business, but i'm worried about this fiscal cliff thing. i'm worried about taxes, worried about the economy. are you hearing that at all? >> well, we haven't heard specifically from our clients. and we handle a lot of global brand brands. but i have heard it from other ceos in the region. they're tapping the brakes and not investing to the degree they would have. >> the big companies would hire you to do branding and marketing for them, but do you have to -- are you planni
now that the election is over, we're here with mark. we're going to give all your information later, but if i say your name and company, people are going to know where we are. we're not going to give that. you run a marketing company and a branding firm. how has your business gone now that the election is over and as we head toward the fiscal cliff? >> well, our business has been robust and continues to be robust. so far, it hasn't been impacted at all. we're actually looking forward to a...
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Aug 30, 2012
08/12
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which are really the core questions of this election. that's been the major problem with the gop convention. is that in the past two days, nobody said what mitt romney would do to create good paying, sustainable jobs for the middle class. instead they've recycled all these sorts of false attacks against the president. they talk about hard truths. but none of those have showed up here in tampa. >> ben, i mean, a lot of their rhetoric, i'm sure you would agr agree, stems from frustration over a gdp that gets revised to 1.7%. jobless claims that aren't improving much at all. aside from a housing market that's doing okay, an economy that's sputtering along. when does the president start answering for that? >> let's take a look at their alternative. let's take a look at the romney/ryan budget. because independent economists have said that it would eliminate 1 million jobs. and that it could hamper the recovery. it cuts investments in key areas like education and research and development and infrastructure. all the pillars in an economy that's
which are really the core questions of this election. that's been the major problem with the gop convention. is that in the past two days, nobody said what mitt romney would do to create good paying, sustainable jobs for the middle class. instead they've recycled all these sorts of false attacks against the president. they talk about hard truths. but none of those have showed up here in tampa. >> ben, i mean, a lot of their rhetoric, i'm sure you would agr agree, stems from frustration...
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Nov 28, 2012
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the senate said we'll see you after the election. we hoped this would have been settled a very long time ago. >> we are beginning to see senators at least bepd on long standing pledges that they signed with grover norquist. people skeptical about a deal say what really matters is the house. the house is not showing that same level of flexibility, call it whatever you want. is that fair? are republicans in the house -- you're from oklahoma. obviously a red state. are you as resolute as you have always been? >> i am. here's the issue. the tax rate has never been the solution. there's a couple things to keep in mind here. one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a r
the senate said we'll see you after the election. we hoped this would have been settled a very long time ago. >> we are beginning to see senators at least bepd on long standing pledges that they signed with grover norquist. people skeptical about a deal say what really matters is the house. the house is not showing that same level of flexibility, call it whatever you want. is that fair? are republicans in the house -- you're from oklahoma. obviously a red state. are you as resolute as you...
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Dec 3, 2012
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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Nov 19, 2012
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they looked at what this market has done since the election. knowing that the fiscal cliff was an important thing. realizing that the wrong word, for example, president's press conference. when he seemed to take somewhat of a hard line the market sold off. i think that didn't get lost on washington. they remember the talk and remember when they saw 700 points melt from the dow because of something that happened in washington. i think that they said, look, we will go before the cameras and -- we may be general but we will be there. if you actually go back and look at what they said, they each gave different closing dates f
they looked at what this market has done since the election. knowing that the fiscal cliff was an important thing. realizing that the wrong word, for example, president's press conference. when he seemed to take somewhat of a hard line the market sold off. i think that didn't get lost on washington. they remember the talk and remember when they saw 700 points melt from the dow because of something that happened in washington. i think that they said, look, we will go before the cameras and -- we...
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Dec 11, 2012
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election about private equity. i'm just wondering if you sat there just taking it, or decided to -- >> i think private equity is a very good and high return class asset over time. i like what blue harbor is doing, because we're avoiding paying the premiums. >> capitalism itself can be brutal. and private equity is another way the capital system works. >> absolutely. >> i agree with that. >> we're all trying to save everybody. cliff robbins, thank you for being here. join us tomorrow, "squawk on the street" begins right now. >>> a government fractured, a market paralyzed, a call to action. as our nation careens to the fiscal cliff. cnbc's challenge to lawmakers to rise above partisan politics, seem compromise and find the solution. the clock is ticking down. the stakes are getting higher. now, we are turning up the pressure. this is a cnbc special report, "mission critical: rise above d.c." >> welcome back to our continuing coverage, mission critical: rise above d.c. we've been here all morning long. while we've bee
election about private equity. i'm just wondering if you sat there just taking it, or decided to -- >> i think private equity is a very good and high return class asset over time. i like what blue harbor is doing, because we're avoiding paying the premiums. >> capitalism itself can be brutal. and private equity is another way the capital system works. >> absolutely. >> i agree with that. >> we're all trying to save everybody. cliff robbins, thank you for being...
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Aug 29, 2012
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that romney and ryan and our party take this election seriously. we trust the american people enough to tell them the truth. because americans are tired of happy talk. they want truth telling. they want to get the troubles and problems out on the table, all the cards face up. and then they want to hear about solutions. and i think you'll hear about solutions from mitt romney. they look at a very liberal president today whose policies are failed policies. what they've tried to do simply worked. the obama policies have made things worse. now mitt romney after a look into his heart last night through the eyes of his wife ann, mitt romney is going to be talking and paul ryan are going to be talking about solutions. and i thought chris christie set the stage for that. >> governor, what do you want to hear from paul ryan tonight? >> again, when americans see paul ryan, not very well known, they're going to see a guy who's very thoughtful, very bright, and very serious about the problems facing this country. and unlike president obama who said in his firs
that romney and ryan and our party take this election seriously. we trust the american people enough to tell them the truth. because americans are tired of happy talk. they want truth telling. they want to get the troubles and problems out on the table, all the cards face up. and then they want to hear about solutions. and i think you'll hear about solutions from mitt romney. they look at a very liberal president today whose policies are failed policies. what they've tried to do simply worked....
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Aug 27, 2012
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these are where the election is going to be decided. that's where all those messages are going to be pitched to, carl. >> john, always hard to judge what a real story in the "new york post" means. but the headline is chris christie saying "fat chance," arguing the reason he didn't consider the vp nod is he didn't think romney had a good chance against the president. what do you make of that? >> first of all, i don't think mitt romney was going to pick chris christie anyway. second of all, of course he thought about his future and the relative merits of going on a ticket this time versus 2016. one of the interesting undercurrents here is the positioning and the sort of vibe being sent off by different camps before -- in advance of the election. there's a group around paul ryan that sees him if romney loses as somebody well-positioned to run. chris christie and his team think they're well-positioned e to run. but most republicans would agree that mitt romney is behind narrowly. you have to say that president obama's the favorite to win th
these are where the election is going to be decided. that's where all those messages are going to be pitched to, carl. >> john, always hard to judge what a real story in the "new york post" means. but the headline is chris christie saying "fat chance," arguing the reason he didn't consider the vp nod is he didn't think romney had a good chance against the president. what do you make of that? >> first of all, i don't think mitt romney was going to pick chris...
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Aug 15, 2012
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we're not going to wait around to see what happens with the election. the fact is if we're going to diversify our portfolios, we'll do it right now. it's very surprising when you look at that data to see this type of ratio buys to sells at this point in the summertime. if in fact seasonality holds true, you would expect that type of selling pattern maybe in september into october. i don't know what it means for the fall if people are trying to exit these positions early but if you want an overall sentiment in terms of the market, it's not a good sign. >> interesting. there's been so much discussion about lockup expirations at facebook and so forth and s&p tried to argue don't worry about it. shares have fallen so much it's unlikely anyone will want to unload at these prices. >> i will tell you. i was just having a conversation off camera with scotty over here because here's the point. just because a stock is down, just because a stock is down, doesn't mean an insider is not going to sell it. i'll tell you why. go back to pre-2008. there used to be an op
we're not going to wait around to see what happens with the election. the fact is if we're going to diversify our portfolios, we'll do it right now. it's very surprising when you look at that data to see this type of ratio buys to sells at this point in the summertime. if in fact seasonality holds true, you would expect that type of selling pattern maybe in september into october. i don't know what it means for the fall if people are trying to exit these positions early but if you want an...
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Aug 28, 2012
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it's coming from the obama re-election campaign. that shows clearly a desperation on their part because they don't want to talk about over 42 months of straight unemployment above 8%. of course, we just found out from government numbers that if we continue with the obama plan, remember, president obama hasn't given us any new indicators that he's going to deviate from his current economic plan. if we continue down that road the congressional budget office tells us in the fourth quarter of next year unemployment will be over 9.1%. we're not going in the right direction under barack obama's plan. >> i want to say a few things about tropical storm isaac. the steps we're taking to keep people safe and minimize the damage. i just got an update from secretary napolitano, administrator fugate, the head of fema, and dr. rick nabb, director of the national hurricane center on preparations that are under way in the gulf. this storm isn't scheduled to make landfall until later today. but at my direction, fema has been on the ground for over a
it's coming from the obama re-election campaign. that shows clearly a desperation on their part because they don't want to talk about over 42 months of straight unemployment above 8%. of course, we just found out from government numbers that if we continue with the obama plan, remember, president obama hasn't given us any new indicators that he's going to deviate from his current economic plan. if we continue down that road the congressional budget office tells us in the fourth quarter of next...
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Aug 21, 2012
08/12
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in the end, my call, they are not going to do anything before the election. they don't want to see a debate where ben bernanke is at the center of every question. >> let's take a break. >> "street signs." fantastic. >> you have dubious morals. >> that's true. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in
in the end, my call, they are not going to do anything before the election. they don't want to see a debate where ben bernanke is at the center of every question. >> let's take a break. >> "street signs." fantastic. >> you have dubious morals. >> that's true. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in...
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Mar 7, 2012
03/12
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elections in europe, in france so be specific. so the future is now. we're not worried about markets giving us a glimpse two quarters or three quarters down the road. even ten-year notes and five-year notes in various countries, you're best off looking at the short maturities like two-year. it's all about what's going on right now. whether it's oil prices, gas prices, or labor prices in china or tax policy, it's all about an equilibrium. doesn't matter if a chinese person is making "x" below an american. the system is as the system is right now today. and you could argue everything's fud -- maybe it doesn't change the prices immediately, but what it does is send a signal that we're not completely subservient to supply outside the u.s. and specifically the middle east. many are saying it's speculation. what's speculation? if i buy a mutual fund, they happen to have a component that deals with inflation, their presence and commodity speculation, why is that any different than any market? you know what? it's all about the market's rationing. who do you wa
elections in europe, in france so be specific. so the future is now. we're not worried about markets giving us a glimpse two quarters or three quarters down the road. even ten-year notes and five-year notes in various countries, you're best off looking at the short maturities like two-year. it's all about what's going on right now. whether it's oil prices, gas prices, or labor prices in china or tax policy, it's all about an equilibrium. doesn't matter if a chinese person is making...
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Dec 28, 2012
12/12
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and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and neither side wants to be the party who got rolled here. i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that
and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and neither side wants to be the party who got rolled here. i think both sides are looking at if fiscal cliff right now and...
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Jul 26, 2012
07/12
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hear on europe with what we went through with facebook, with looking at all the negative ads for the election, budget deficits. you know, so investor sentiment is down in terms of positive outlook. they've stuck pretty well with their portfolios. they're being cautious. >> speaking about those investors, your private client business was actually a bright spot. wells fargo characterized your new asset growth as strong, strong new net asset growth in private clients. you mentioned there hasn't been a flight away from equities at the same time in terms of the new assets coming under management, are they going to fixed income, going to the safer places in the market? >> i think there's already been a move, melissa, to the mixed income and cash. people are much more liquid than they were a few years ago. so we haven't cena digs nal movement. actually, the individual investor is in a conundrum. you're afraid of rates going up, bonds coming down, you're squared of the equity market. what we tell people is just to stay allocated. listen to their financial advisors based on their need. stay in a balan
hear on europe with what we went through with facebook, with looking at all the negative ads for the election, budget deficits. you know, so investor sentiment is down in terms of positive outlook. they've stuck pretty well with their portfolios. they're being cautious. >> speaking about those investors, your private client business was actually a bright spot. wells fargo characterized your new asset growth as strong, strong new net asset growth in private clients. you mentioned there...